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February 2017

February 2017
2017, February, 8, 18:45:00

SOUTH CHINA SEA TALKS

China is committed to having talks with the parties directly involved, and in accordance with historical facts and international law to peacefully resolve the issue, and that position will not change, Wang said.

February 2017
2017, February, 8, 18:40:00

U.S. DEFICIT $44.3 BLN

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $44.3 billion in December, down $1.5 billion from $45.7 billion in November, revised. December exports were $190.7 billion, $5.0 billion more than November exports. December imports were $235.0 billion, $3.6 billion more than November imports.

February 2017
2017, February, 8, 18:35:00

INDIAN OIL UP 66%

India’s leading state owned oil and gas firm Indian Oil posted a net profit of rupees 153.86bn ($2.29bn) for the nine months ended December 31, 2016, compared with a net profit of rupees 92.36bn during the corresponding period of the previous year, a jump of almost 66%.

February 2017
2017, February, 8, 18:30:00

INDIAN ONGC UP 197%

Indian ONGC reported profit of rupees 43.52bn ($0.65bn) in 3Q of fiscal 2016-17 as against rupees 14.66bn in the corresponding quarter of last year, a rise of 197%, the company said last week citing higher gross oil realisation as the primary reason.

February 2017
2017, February, 7, 18:55:00

OIL PRICES: ABOVE $55 NOW

Benchmark Brent crude LCOc1 was down 10 cents at $55.62 a barrel by 1145 GMT (6.45 a.m. ET). On Monday, the Brent futures contract closed down $1.09 a barrel. U.S. crude CLc1 was 10 cents lower at $52.91 after closing down 82 cents on Monday.

February 2017
2017, February, 7, 18:50:00

ПОЗИТИВНОЕ ВЛИЯНИЕ РОССИИ

В ходе встречи стороны обсудили ход реализации соглашения стран, входящих и не входящих в ОПЕК, об ограничении добычи нефти и отметили позитивное влияние достигнутых договоренностей на мировой рынок нефти.

February 2017
2017, February, 7, 18:45:00

EU WITH RUSSIA SANCTIONS

The European Union, although reliant on Russian oil and gas, says it will never recognize Moscow's 2014 annexation of Ukraine's Crimea peninsula and expects the Kremlin to abide by the Minsk peace deal brokered for eastern Ukraine.

February 2017
2017, February, 7, 18:40:00

BP LOSS $999 MLN

For the full year of 2016 the RC loss was $999 million, compared with a loss of $5,162 million for the full year of 2015. Both periods were impacted by charges associated with the Deepwater Horizon accident and oil spill following the settlement of federal, state and local government claims in 2015 and additional provisions this year, when a reliable estimate for the remaining material liabilities was determined. After adjusting for a net charge for non-operating items of $2,828 million and net unfavourable fair value accounting effects of $756 million (both on a post-tax basis), underlying RC profit for the full year was $2,585 million, compared with $5,905 million for the same period in 2015, predominantly due to lower results in the Upstream and Downstream segments.

February 2017
2017, February, 7, 18:35:00

NOV VARCO NET LOSS $714 MLN

National Oilwell Varco, Inc. (NYSE: NOV) reported a fourth quarter 2016 net loss of $714 million, or $1.90 per share. Excluding other items, net loss for the quarter was $57 million, or $0.15 per share. Other items totaled $706 million, pretax, and were primarily associated with inventory charges, facility closures, and severance.

February 2017
2017, February, 7, 18:30:00

WORLDWIDE RIG COUNT UP 27

The worldwide rig count for January 2017 was 1,918, up 146 from the 1,772 counted in December 2016, and up 27 from the 1,891 counted in January 2016.